Mosaic (NYSE:MOS) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Mosaic (NYSE:MOS - Free Report) from a buy rating to a hold rating in a report issued on Saturday morning.

MOS has been the subject of several other reports. Wells Fargo & Company increased their price objective on Mosaic from $28.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Royal Bank of Canada raised shares of Mosaic from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $30.00 to $40.00 in a research report on Thursday, May 8th. Oppenheimer raised their price target on shares of Mosaic from $33.00 to $40.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Piper Sandler reiterated a "neutral" rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, March 27th. Finally, CIBC lifted their target price on shares of Mosaic from $32.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.58.

Mosaic Price Performance

NYSE:MOS traded down $0.52 during mid-day trading on Friday, reaching $34.08. 8,515,454 shares of the stock were exchanged, compared to its average volume of 4,777,034. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average price of $31.06 and a 200 day moving average price of $27.84. Mosaic has a 1-year low of $22.36 and a 1-year high of $37.69. The firm has a market capitalization of $10.81 billion, a PE ratio of 30.16, a PEG ratio of 1.42 and a beta of 1.14.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.04. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm posted $0.65 EPS. The business's revenue for the quarter was down 2.2% on a year-over-year basis. Research analysts expect that Mosaic will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic's payout ratio is 75.86%.

Insider Activity at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total value of $643,140.00. Following the sale, the senior vice president now owns 128,546 shares of the company's stock, valued at $4,592,948.58. This trade represents a 12.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mosaic

Hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC raised its holdings in shares of Mosaic by 0.9% in the 1st quarter. Ancora Advisors LLC now owns 40,256 shares of the basic materials company's stock worth $1,087,000 after buying an additional 350 shares in the last quarter. NewEdge Advisors LLC grew its position in Mosaic by 27.8% in the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 380 shares during the period. Twin Capital Management Inc. grew its position in Mosaic by 2.7% in the first quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company's stock valued at $394,000 after acquiring an additional 384 shares during the period. Intellectus Partners LLC raised its stake in Mosaic by 3.3% during the fourth quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company's stock worth $304,000 after acquiring an additional 400 shares in the last quarter. Finally, Strengthening Families & Communities LLC lifted its holdings in shares of Mosaic by 12.0% during the first quarter. Strengthening Families & Communities LLC now owns 4,210 shares of the basic materials company's stock valued at $116,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.